$4,572 Closing Credit*
$385,000
2,059 SqFt
3 Beds
•1 Full Bath, 1 Partial
#9973504, Dale Slivka, Listing Office: KW Johnson City
Is Piney Flats, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Piney Flats was a Seller's Market.
Key Takeaway
Piney Flats is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Piney Flats, TN
How much do homes in Piney Flats, TN cost?
Median Sold Price
$450,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,000(+9.2%)
Key Takeaway
Homes in Piney Flats have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Piney Flats was $450,000 in October 2024, up 9.2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | - | N/A |
| 2 Bedrooms | $285K | $205K | -28.1% |
| 3 Bedrooms | $363.7K | $450K | +23.7% |
| 4 Bedrooms | $394.6K | $543.4K | +37.7% |
| 5+ Bedrooms | $442.8K | $520K | +17.4% |
Summary: Piney Flats housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.1%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 37.7%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Bluff City | $260K | $326.5K | +25.6% |
| Blountville | $270K | $295.4K | +9.4% |
| Piney Flats | $412K | $450K | +9.2% |
| Johnson City | $284.5K | $302.3K | +6.2% |
Housing Supply in Piney Flats, TN
How many homes are available in Piney Flats, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Summary: The Piney Flats real estate market had 35 homes for sale in October 2024, a 2.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Piney Flats housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Piney Flats, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Piney Flats in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Piney Flats, TN
How long does it take to sell a home in Piney Flats, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 87 Days | +7.3% |
Summary: Homes in Piney Flats had an average of 87 days on market in Oct 2024, up by 7.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Piney Flats has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Piney Flats; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.